2025 Q1 Form 10-Q Financial Statement

#000114421525000008 Filed on January 08, 2025

View on sec.gov

Income Statement

Concept 2025 Q1 2024 Q4 2023 Q4
Revenue $951.6M $934.7M
YoY Change 1.81% -6.33%
Cost Of Revenue $502.3M $506.3M
YoY Change -0.79% -12.92%
Gross Profit $449.3M $428.4M
YoY Change 4.88% 2.86%
Gross Profit Margin 47.22% 45.83%
Selling, General & Admin $316.0M $295.5M
YoY Change 6.94% -1.73%
% of Gross Profit 70.33% 68.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.60M $22.70M
YoY Change -4.85% -14.34%
% of Gross Profit 4.81% 5.3%
Operating Expenses $316.0M $295.5M
YoY Change 6.94% -1.73%
Operating Profit $133.3M $132.9M
YoY Change 0.3% 22.04%
Interest Expense $4.000M $6.400M
YoY Change -37.5% -18.99%
% of Operating Profit 3.0% 4.82%
Other Income/Expense, Net $1.500M -$2.000M
YoY Change -175.0% -87.26%
Pretax Income $134.8M $130.9M
YoY Change 2.98% 40.45%
Income Tax $28.10M $30.30M
% Of Pretax Income 20.85% 23.15%
Net Earnings $106.7M $100.6M
YoY Change 6.06% 34.31%
Net Earnings / Revenue 11.21% 10.76%
Basic Earnings Per Share $3.45 $3.25
Diluted Earnings Per Share $3.35 $3.21
COMMON SHARES
Basic Shares Outstanding 30.96M shares 30.86M shares 30.95M shares
Diluted Shares Outstanding 31.80M shares 31.37M shares

Balance Sheet

Concept 2025 Q1 2024 Q4 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $513.3M
YoY Change 80.68%
Cash & Equivalents $935.6M $513.3M
Short-Term Investments
Other Short-Term Assets $78.40M
YoY Change -21.99%
Inventory $391.1M $365.3M
Prepaid Expenses
Receivables $534.7M $517.1M
Other Receivables $0.00
Total Short-Term Assets $1.937B $1.474B
YoY Change 31.42% 1.26%
LONG-TERM ASSETS
Property, Plant & Equipment $299.8M $293.6M
YoY Change 2.11% 5.01%
Goodwill $1.092B $1.098B
YoY Change -0.52% 1.43%
Intangibles $440.3M $471.2M
YoY Change -6.56% -6.8%
Long-Term Investments
YoY Change
Other Assets $31.60M $47.70M
YoY Change -33.75% 5.07%
Total Long-Term Assets $1.927B $1.990B
YoY Change -3.16% 0.45%
TOTAL ASSETS
Total Short-Term Assets $1.937B $1.474B
Total Long-Term Assets $1.927B $1.990B
Total Assets $3.864B $3.464B
YoY Change 11.56% 0.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $331.5M $311.8M
YoY Change 6.32% -24.89%
Accrued Expenses $288.8M
YoY Change 2.23%
Deferred Revenue $17.00M $13.30M
YoY Change 27.82% 14.66%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $650.6M $600.6M
YoY Change 8.33% -13.9%
LONG-TERM LIABILITIES
Long-Term Debt $496.3M $495.7M
YoY Change 0.12% 0.12%
Other Long-Term Liabilities $136.5M $138.6M
YoY Change -1.52% 3.05%
Total Long-Term Liabilities $632.8M $634.3M
YoY Change -0.24% 0.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $650.6M $600.6M
Total Long-Term Liabilities $632.8M $634.3M
Total Liabilities $1.401B $1.400B
YoY Change 0.08% -8.69%
SHAREHOLDERS EQUITY
Retained Earnings $4.012B $3.602B
YoY Change 11.39% 10.94%
Common Stock $1.121B $1.071B
YoY Change 4.67% 3.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.463B $2.064B
YoY Change
Total Liabilities & Shareholders Equity $3.864B $3.464B
YoY Change 11.56% 0.79%

Cashflow Statement

Concept 2025 Q1 2024 Q4 2023 Q4
OPERATING ACTIVITIES
Net Income $106.7M $100.6M
YoY Change 6.06% 34.31%
Depreciation, Depletion And Amortization $21.60M $22.70M
YoY Change -4.85% -14.34%
Cash From Operating Activities $132.2M $190.0M
YoY Change -30.42% 1.82%
INVESTING ACTIVITIES
Capital Expenditures $18.90M $14.60M
YoY Change 29.45% -19.78%
Acquisitions
YoY Change
Other Investing Activities -$500.0K -$100.0K
YoY Change 400.0% -97.44%
Cash From Investing Activities -$18.40M -$14.50M
YoY Change 26.9% 1.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$18.70M -$59.70M
YoY Change -68.68% -45.92%
NET CHANGE
Cash From Operating Activities $132.2M $190.0M
Cash From Investing Activities -$18.40M -$14.50M
Cash From Financing Activities -$18.70M -$59.70M
Net Change In Cash $89.80M $115.4M
YoY Change -22.18% 89.49%
FREE CASH FLOW
Cash From Operating Activities $132.2M $190.0M
Capital Expenditures $18.90M $14.60M
Free Cash Flow $113.3M $175.4M
YoY Change -35.4% 4.16%

Facts In Submission

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CY2023Q4 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-400000 usd
CY2024Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
89800000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
115400000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
845800000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
115400000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
845800000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
397900000 usd
CY2024Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
935600000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
513300000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
397900000 usd
CY2024Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
935600000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
513300000 usd
CY2024Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
9600000 usd
CY2023Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
7100000 usd
CY2024Q4 us-gaap Interest Paid Net
InterestPaidNet
11600000 usd
CY2024Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
9600000 usd
CY2023Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
7100000 usd
CY2024Q4 us-gaap Interest Paid Net
InterestPaidNet
11600000 usd
CY2023Q4 us-gaap Interest Paid Net
InterestPaidNet
12800000 usd
CY2023Q4 us-gaap Interest Paid Net
InterestPaidNet
12800000 usd
CY2024Q4 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q4 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:13pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:7pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expense during the reporting period. Actual results could differ from those estimates.</span></div>
CY2024Q4 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:13pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:7pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We may reclassify certain prior period amounts to conform to the current year presentation. No material reclassifications occurred during the current period.</span></div>
CY2024Q4 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:13pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:7pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expense during the reporting period. Actual results could differ from those estimates.</span></div>
CY2024Q4 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:13pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:7pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We may reclassify certain prior period amounts to conform to the current year presentation. No material reclassifications occurred during the current period.</span></div>
CY2024Q4 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
227500000 usd
CY2024Q3 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
222100000 usd
CY2024Q4 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
227500000 usd
CY2024Q3 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
222100000 usd
CY2024Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
190200000 usd
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
191100000 usd
CY2024Q4 us-gaap Inventory Gross
InventoryGross
417700000 usd
CY2024Q3 us-gaap Inventory Gross
InventoryGross
413200000 usd
CY2024Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
26600000 usd
CY2024Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
25600000 usd
CY2024Q4 us-gaap Inventory Net
InventoryNet
391100000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
387600000 usd
CY2024Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1005000000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
999700000 usd
CY2024Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
705200000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
695800000 usd
CY2024Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
299800000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
303900000 usd
CY2024Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8700000 usd
CY2023Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9900000 usd
CY2024Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
190200000 usd
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
191100000 usd
CY2024Q4 us-gaap Inventory Gross
InventoryGross
417700000 usd
CY2024Q3 us-gaap Inventory Gross
InventoryGross
413200000 usd
CY2024Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
26600000 usd
CY2024Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
25600000 usd
CY2024Q4 us-gaap Inventory Net
InventoryNet
391100000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
387600000 usd
CY2024Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1005000000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
999700000 usd
CY2024Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
705200000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
695800000 usd
CY2024Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
299800000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
303900000 usd
CY2024Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8700000 usd
CY2023Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9900000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
1098700000 usd
CY2024Q4 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-6900000 usd
CY2024Q4 us-gaap Goodwill
Goodwill
1091800000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
1097900000 usd
CY2023Q4 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-400000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
1097500000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
1098700000 usd
CY2024Q4 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-6900000 usd
CY2024Q4 us-gaap Goodwill
Goodwill
1091800000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
1097900000 usd
CY2023Q4 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-400000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
1097500000 usd
CY2024Q4 ayi Contract With Customer Customer Incentive Liabilities Current
ContractWithCustomerCustomerIncentiveLiabilitiesCurrent
39600000 usd
CY2024Q3 ayi Contract With Customer Customer Incentive Liabilities Current
ContractWithCustomerCustomerIncentiveLiabilitiesCurrent
35300000 usd
CY2024Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
27600000 usd
CY2024Q3 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
28200000 usd
CY2024Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
17000000.0 usd
CY2024Q4 ayi Contract With Customer Customer Incentive Liabilities Current
ContractWithCustomerCustomerIncentiveLiabilitiesCurrent
39600000 usd
CY2024Q3 ayi Contract With Customer Customer Incentive Liabilities Current
ContractWithCustomerCustomerIncentiveLiabilitiesCurrent
35300000 usd
CY2024Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
27600000 usd
CY2024Q3 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
28200000 usd
CY2024Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
17000000.0 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
17400000 usd
CY2024Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
31900000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
17400000 usd
CY2024Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
31900000 usd
CY2024Q3 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
35300000 usd
CY2024Q3 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
35300000 usd
CY2024Q4 ayi Freight Costs Current
FreightCostsCurrent
17700000 usd
CY2024Q3 ayi Freight Costs Current
FreightCostsCurrent
18100000 usd
CY2024Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
27500000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
28400000 usd
CY2024Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
23500000 usd
CY2024Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
7100000 usd
CY2024Q4 us-gaap Interest Payable Current
InterestPayableCurrent
5000000.0 usd
CY2024Q4 ayi Freight Costs Current
FreightCostsCurrent
17700000 usd
CY2024Q3 ayi Freight Costs Current
FreightCostsCurrent
18100000 usd
CY2024Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
27500000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
28400000 usd
CY2024Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
23500000 usd
CY2024Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
7100000 usd
CY2024Q4 us-gaap Interest Payable Current
InterestPayableCurrent
5000000.0 usd
CY2024Q3 us-gaap Interest Payable Current
InterestPayableCurrent
2300000 usd
CY2024Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
37700000 usd
CY2024Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
34200000 usd
CY2024Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
227500000 usd
CY2024Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
206300000 usd
CY2024Q3 us-gaap Interest Payable Current
InterestPayableCurrent
2300000 usd
CY2024Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
37700000 usd
CY2024Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
34200000 usd
CY2024Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
227500000 usd
CY2024Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
206300000 usd
CY2024Q4 ayi Standard Product Warranty Period
StandardProductWarrantyPeriod
P5Y
CY2024Q4 ayi Standard Product Warranty Period
StandardProductWarrantyPeriod
P5Y
CY2024Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
37500000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
31600000 usd
CY2024Q4 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
6300000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
12400000 usd
CY2024Q4 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
9300000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
11300000 usd
CY2024Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
34500000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
32700000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
2378800000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
37500000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
31600000 usd
CY2024Q4 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
6300000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
12400000 usd
CY2024Q4 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
9300000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
11300000 usd
CY2024Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
34500000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
32700000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
2378800000 usd
CY2024Q4 us-gaap Net Income Loss
NetIncomeLoss
106700000 usd
CY2024Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-16800000 usd
CY2024Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-11000000.0 usd
CY2024Q4 us-gaap Net Income Loss
NetIncomeLoss
106700000 usd
CY2024Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-16800000 usd
CY2024Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-11000000.0 usd
CY2024Q4 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
600000 usd
CY2024Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.15
CY2024Q4 us-gaap Dividends
Dividends
4500000 usd
CY2024Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
15000000.0 usd
CY2024Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5400000 usd
CY2024Q4 us-gaap Stockholders Equity
StockholdersEquity
2463400000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
2015400000 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
100600000 usd
CY2023Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1500000 usd
CY2023Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
2100000 usd
CY2024Q4 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
600000 usd
CY2024Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.15
CY2024Q4 us-gaap Dividends
Dividends
4500000 usd
CY2024Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
15000000.0 usd
CY2024Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5400000 usd
CY2024Q4 us-gaap Stockholders Equity
StockholdersEquity
2463400000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
2015400000 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
100600000 usd
CY2023Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1500000 usd
CY2023Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
2100000 usd
CY2023Q4 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
500000 usd
CY2023Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.13
CY2023Q4 us-gaap Dividends
Dividends
4100000 usd
CY2023Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1100000 usd
CY2023Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
50000000.0 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
2064100000 usd
CY2023Q4 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
500000 usd
CY2023Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.13
CY2023Q4 us-gaap Dividends
Dividends
4100000 usd
CY2023Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1100000 usd
CY2023Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
50000000.0 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
2064100000 usd
CY2024Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
17000000.0 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
17400000 usd
CY2024Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
39600000 usd
CY2024Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
41500000 usd
CY2024Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
17000000.0 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
17400000 usd
CY2024Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
39600000 usd
CY2024Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
41500000 usd
CY2024Q4 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
Current deferred revenues primarily consist of service-type warranty and professional service fees collected prior to performing the related service as well as software licenses. Current deferred revenues are included within Other current liabilities on the Consolidated Balance Sheets. These services are expected to be performed within one year. Revenue recognized from beginning balances of contract liabilities during the three months ended November 30, 2024 totaled $5.4 million.Non-current deferred revenues primarily consist of long-term service-type warranties, which are typically recognized ratably as revenue between five and ten years from the date of sale, and are included within Other long-term liabilities on the Consolidated Balance Sheets.
CY2024Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
5400000 usd
CY2024Q4 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
Current deferred revenues primarily consist of service-type warranty and professional service fees collected prior to performing the related service as well as software licenses. Current deferred revenues are included within Other current liabilities on the Consolidated Balance Sheets. These services are expected to be performed within one year. Revenue recognized from beginning balances of contract liabilities during the three months ended November 30, 2024 totaled $5.4 million.Non-current deferred revenues primarily consist of long-term service-type warranties, which are typically recognized ratably as revenue between five and ten years from the date of sale, and are included within Other long-term liabilities on the Consolidated Balance Sheets.
CY2024Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
5400000 usd
CY2024Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
951600000 usd
CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
934700000 usd
CY2024Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
951600000 usd
CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
934700000 usd
CY2024Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12100000 usd
CY2024Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12100000 usd
CY2023Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11100000 usd
CY2023Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11100000 usd
CY2024Q4 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
6100000 usd
CY2023Q4 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
6400000 usd
CY2024Q4 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
4000000.0 usd
CY2023Q4 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-900000 usd
CY2024Q4 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
1000000.0 usd
CY2024Q4 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
1400000 usd
CY2023Q4 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
600000 usd
CY2024Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2500000 usd
CY2023Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1100000 usd
CY2024Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1500000 usd
CY2023Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2000000.0 usd
CY2024Q4 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
6100000 usd
CY2023Q4 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
6400000 usd
CY2023Q4 us-gaap Investment Income Interest
InvestmentIncomeInterest
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